# PPP loan: RCL CONSTRUCTION COMPANY, INC
> **$322K** approved 04/08/2020 · Paid in Full · Loan `8529837003`
## Borrower
- **Name:** RCL CONSTRUCTION COMPANY, INC
- **Address:** 777 W MAYNARD RD, SANFORD, MI, 48657-9415
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Rent:** $32K
- **Utilities:** $32K
- **Jobs reported:** 21
## Lender
- **Originating:** Horizon Bank
- **Servicing:** Horizon Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*